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Vrbo

Morgan Stanley Raises Nvidia (NVDA) Price Target: Is the Stock Positioned for Further Growth?

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We recently published a list of 10 AI Stocks Poised for Big Moves. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other AI stocks poised for big moves.
Morgan Stanley has raised its price target for NVIDIA Corporation (NVDA) from $603 to $750, reflecting strong optimism about the company's future growth prospects. This adjustment comes in light of NVIDIA's robust performance in the AI and data center markets, where demand for their advanced chips continues to surge. Analyst Joseph Moore highlighted NVIDIA's strategic positioning to benefit from the expanding AI infrastructure, suggesting that the company is well-placed to capitalize on long-term trends in computing and graphics technology. Despite the stock's significant run-up, Moore believes NVIDIA still has room for further growth, supported by its innovative product pipeline and market leadership in GPUs. This positive outlook is also buoyed by NVIDIA's recent quarterly results, which exceeded expectations, reinforcing investor confidence in the company's trajectory.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/morgan-stanley-raises-nvidiespn.coma-nvda-price-target-is-the-stock-positioned-for-further-growth/ar-AA1AczyM ]